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November 29, 2005

CheckFree enhances financial messaging technology

CheckFree Corporation, a provider of electronic bill paying services, has developed advanced messaging technology that will allow financial institutions to deliver better financial messaging processes and mitigate risk.

By CBR Staff Writer

Rising to the latest standards set by standardized messaging service provider, SWIFT, the technology underpinning numerous CheckFree services is automating the production of data dictionaries from ISO 20022 compliant schemas to deliver SWIFTNet Solutions.

By automating the process of creating data dictionaries, CheckFree expects to vastly improve time to market for messages, and better manage complex messaging projects.

Teresa Nolan, Director Securities UK and Nordics at SWIFT said: The architecture of CheckFree’s solutions enables financial institutions to have the flexibility to implement multiple business process improvements. This is key to respond to client needs and industry mandatory compliance requirements.

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